Bank of Baroda revises fixed deposit (FD) rates. Check out the latest rates here
Posted on 24th July 2019 |
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| Public sector lender, Bank of Baroda (BoB) revised its interest rates on fixed deposits (FDs) effective 20 July 2019. Bank of Baroda offers interest rates ranging from 4.50% p.a. to 6.60% p.a. for FD with tenures ranging from seven days to 10 years. The bank has reduced the rate of interest across all maturities. FD rates of Bank of Baroda now range from 5.25% p.a. to 6.25% p.a. on deposits with a tenure of 7 days to less than one year. These deposits are known as short-term deposits as they have a tenure of less than 1 year. Earlier, the bank was offering 5. 50% p.a. to 6.50% p.a. for these term deposits. For one-year term deposit, Bank of Baroda has reduced its interest rate from 6.70% to 6.45%. Bank of Baroda is offering the highest rate of 6.60% on FDs with a tenure of above 1 year to 400 days. Before the current revision, the bank was offering an interest of 6.85% on these term deposits. On FDs maturing in above 400 days and up to 2 years, BoB is offering an interest rate of 6.55%. Prior to 20 July revision, BoB was offering a 6.80% rate of interest. For two- to five-year deposits, Bank of Baroda has reduced the interest rate from 6.70% to 6.45%. On FD deposits from 5 years to 10 years, Bank of Baroda is offering 6.45% p.a., earlier it was offering an interest rate of 6.70%. The bank offers special interest rate on FD for senior citizens. Taking a cue from RBI June 6 rate cut, top lenders like ICICI Bank, Axis Bank, HDFC Bank, Punjab National Bank, IDFC First Bank and Kotak Mahindra Bank revised their interest rates on fixed deposits. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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